Metropolitan Government of Nashville and Davidson County
Comprehensive Annual Financial Report
Component Units
Combining Statement of Cash Flows
Proprietary Types

For the Year Ended June 30, 1999


      Hospital Authority
   Electric
Power
Board
         Metropolitan
Transit
Authority
     Nashville
Thermal
Transfer
Corporation
     Metropolitan
Nashville
Airport
Authority
     Emergency
Communications
District
     Industrial
Development
Board
     Total
Proprietary
Types
  
      General
Hospital
     Bordeaux
Hospital
     Total
    
Cash flows from operating activities:  
  Operating income (loss)     $ (26,455,023)   $ (12,827,944)   $ (39,282,967)   $ 20,779,147         $ (18,025,542)   $ (4,125,101)   $ (219,788)   $ 2,878,050   $ 144,311   $ (37,851,890)  
 
   
   
   
 
   
   
   
   
   
 
  Adjustments to reconcile operating income (loss)
    to net cash provided by (used in) operating
    activities:
      Depreciation and amortization       3,519,945     777,406     4,297,351     22,551,568           7,778,490     4,529,679     20,050,834     549,644     -     59,757,566  
      Amortization of deferred rental income       -     -     -     -           -     -     (185,391)     -     -     (185,391)  
      Loss (gain) on sale of property, plant and equipment       -     -     -     -           -     737,207     4,524     -     -     741,731  
      Other nonoperating revenue (expense)       2,659,817     1,628,893   4,288,710     387,022           52,059     (844,555)     -     -     -     3,883,236  
      Changes in assets and liabilities:
         Decrease (increase) in accounts receivable - net       (7,522,122)     (950,287)     (8,472,409)     1,683,883           (131,265)     (1,266,441)     (299,727)     2,271     (13,969)     (8,497,657)  
        Decrease (increase) in due from the
          primary government       (784,886)     (734,533)     (1,519,419)     -           (17,574)     130,816     -     -     -     (1,406,177)  
        Decrease (increase) in due from
          component units       (1,125,540)     -     (1,125,540)     -           -     -     -     -     -     (1,125,540)  
        Decrease (increase) in inventories of supplies       117,425     55,572     172,997     (278,656)           (333,378)     (756,325)     (90,993)     -     -     (1,286,355)  
        Decrease (increase) in other current assets       (76,275)     -     (76,275)     120,910           (59,443)     (2,415)     98,776     -     -     81,553  
        Decrease (increase) in notes receivable       -     -     -     2,036,020           -     -     -     -     -     2,036,020  
        Decrease (increase) in other non-current assets       -     -     -     21,372,040           -     -     -     -     -     21,372,040  
        Increase (decrease) in accounts payable       (5,296,384)     (131,276)     (5,427,660)     4,582,139           333,793     (1,568,723)     3,814,944     38,033     (473)     1,772,053  
        Increase (decrease) in accrued payroll       107,010     34,448     141,458     -           8,040     162,330     33,898     -     -     345,726  
        Increase (decrease) in due to the primary government       15,473,834     (312,307)     15,161,527     -           330,387     7,113     -     -     -     15,499,027  
        Increase (decrease) in due to component units       -     1,125,540     1,125,540     -           -     -     -     -     -     1,125,540  
        Increase (decrease) in customer deposits       -     -     -     114,342           -     -     -     -     -     114,342  
        Increase (decrease) in other current liabilities       (19,882)     -     (19,882)     -           535,238     -     -     -     (834)     514,522  
        Increase (decrease) in TVA advances       -     -     -     (1,920,897)           -     -     -     -     -     (1,920,897)  
        Increase (decrease) in other long-term liabilities       -     -     -     (19,658,764)           -     -     -     -     -     (19,658,764)  
 
   
   
   
 
   
   
   
   
   
 
            Total adjustments       7,052,942     1,493,456     8,546,398     30,989,607           8,496,347     1,128,686     23,426,865     589,948     (15,276)     73,162,575  
 
   
   
   
 
   
   
   
   
   
 
            Net cash provided by (used in) operating
              activities       (19,402,081)     (11,334,488)     (30,736,569)     51,768,754           (9,529,195)     (2,996,415)     23,207,077     3,467,998     129,035     35,310,685  
 
   
   
   
 
   
   
   
   
   
 
Cash flows from noncapital financing activities:
  Receipt of payment relating to synthetic advance refunding       -     -     -     -           -     -     7,947,134     -     -     7,947,134  
  Payment of termination fee relating to debt service       -     -     -     -           -     -     (6,745,910)     -     -     (6,745,910)  
  Operating transfers from component units       2,009,819     -     2,009,819     -           -     -     -     -     -     2,009,819  
  Operating transfers to component units       -     (2,009,819)     (2,009,819)     -           -     -     -     -     -     (2,009,819)  
  Operating transfers from the primary government       22,374,151     14,679,892     37,054,043     -           8,059,149     7,636,275     653,880     -     -     53,403,347  
  Operating transfers to the primary government       (21,625)     -     (21,625)     (387,022)           (17,600)     -     -     -     -     (426,247)  
  Revenue from other governmental agencies       -     -     -     -           2,034,313     -     -     -     -     2,034,313  
 
   
   
   
 
   
   
   
   
   
 
            Net cash provided by (used in) noncapital
              financing activities       24,362,345     12,670,073     37,032,418     (387,022)           10,075,862     7,636,275     1,855,104     -     -     56,212,637  
 
   
   
   
 
   
   
   
   
   
 
Cash flows from capital and related financing
  activities:
  Receipt of funds held in trust       15     8,473     8,488     -           -     -     -     -     -     8,488  
  Acquisition of property, plant and equipment       (807,469)     (201,160)     (1,008,629)     (53,421,329)           (7,331,515)     (10,778,675)     (31,289,309)     (246,084)     -     (104,075,541)  
  Proceeds from the sale of property, plant and equipment       -     -     -     599,766           -     -     23,334     -     -     623,100  
  Utility plant removal costs       -     -     -     (2,916,827)           -     -     -     -     -     (2,916,827)  
  Proceeds from borrowings       -     -     -     -           6,111,899     -     -     -     -     6,111,899  
  Payments on borrowings       (646,366)     -     (646,366)     (11,700,000)           (5,249,757)     (5,005,000)     (14,080,000)     -     -     (36,681,123)  
  Net increase in deferred bond issue costs       -     -     -     -           -     112,370     (372,366)     -     -     (259,996)  
  Special funds used to retire bonds       -     -     -     -           -     -     (20,352,374)     -     -     (20,352,374)  
  Interest paid       (4,087,084)     -     (4,087,084)     (12,516,431)           -     (4,233,075)     -     -     -     (20,836,590)  
  Capital contributions received       463,654     100,732     564,386     -           6,003,484     -     4,727,313     -     -     11,295,183  
  Operating transfer to the primary government       -     -     -     -           -     -     -     (4,200,000)     -     (4,200,000)  
  Receipt of passenger facility charges       -     -     -     -           -     -     11,025,084     -     -     11,025,084  
 
   
   
   
 
   
   
   
   
   
 
            Net cash provided by (used in) capital and
              related financing activities       (5,077,250)     (91,955)     (5,169,205)     (79,954,821)           (465,889)     (19,904,380)     (50,318,318)     (4,446,084)     -     (160,258,697)  
 
   
   
   
 
   
   
   
   
   
 
Cash flows from investing activities:
  Purchases of investments       -     (236,232)     (236,232)     (34,208,068)           (849,801)     (31,694,663)     (290,614,597)     (100,000)     -     (357,703,361)  
  Proceeds from the sale and maturities of investment securities       -     -     -     60,372,424           773,155     39,368,118     318,819,773     -     -     419,333,470  
  Interest on investments       -     114,777     114,777     8,823,517           48,659     1,455,702     3,578,513     155,156     3,197     14,179,521  
  Payments on notes receivable       -     -     -     -           -     -     805,873     -     -     805,873  
 
   
   
   
 
   
   
   
   
   
 
            Net cash provided by (used in) investing activities       -     (121,455)     (121,455)     34,987,873           (27,987)     9,129,157     32,589,562     55,156     3,197     76,615,503  
 
   
   
   
 
   
   
   
   
   
 
            Net increase (decrease) in cash and cash equivalents       (116,986)     1,122,175     1,005,189     6,414,784           52,791     (6,135,363)     7,333,425     (922,930)     132,232     7,880,128  
 
            Cash and cash equivalents at beginning of year       140,358     1,595,051     1,735,409     37,018,651           268,072     11,863,296     51,656,191     2,382,471     545,201     105,469,291  
 
   
   
   
 
   
   
   
   
   
 
            Cash and cash equivalents at end of year     $ 23,372   $ 2,717,226   $ 2,740,598   $ 43,433,435         $ 320,863   $ 5,727,933   $ 58,989,616   $ 1,459,541   $ 677,433   $ 113,349,419  
 
   
   
   
 
   
   
   
   
   
 
 
 
Non-Cash Financing Activities:
General Hospital disposed of net property, plant and equipment of $28,406 which was treated as a reduction of contributed capital.
 
The Electric Power Board charged $3,454,254 to accumulated depreciation representing the cost of retired utility plant and $98,180
  to interest expense for amortization of bond discounts. Also, $540,765 was charged as amortization of the bond issuance costs.
  During 1999, the Board removed $19,592,452 from other noncurrent assets and other noncurrent liabilities in connection with the adoption
  of GASB Statement No. 32 Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans.
 
The Metropolitan Transit Authority had $1,479,433 of accounts payable for construction in progress and equipment.
 
 
The accompanying notes following the General Purpose Financial Statements are an integral part of this financial statement.

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